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South Atlantic explorer raises £7.6m from investors

FALKLAND Oil and Gas (FOG) said yesterday it had conditionally raised about £7.6million in a placing of shares with certain directors and institutional investors to help to fund capital expenditure on long-lead drilling equipment and general costs until 2010-11.

May 21st 2009, 12:10 am

1 min read

South Atlantic explorer raises £7.6m from investors — FALKLAND Oil and Gas (FOG) said yesterday it had conditionally raised about £7.6million in a placing of shares with certain directors and institutional investors to help to fund capital expenditure on long-lead drilling equipment and general costs until 2010-11.